URE vs. BITI

Last updated Jul 18, 2026

URE (ProShares Ultra Real Estate) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - URE is a REIT fund tracking the Dow Jones U.S. Real Estate Index (200%), while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, URE returned 9.52%/yr vs -31.71%/yr for BITI. At a correlation of -0.21, they often move in opposite directions. URE charges 0.95%/yr vs 1.03%/yr for BITI.

Performance

URE vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Real Estate (URE) and ProShares Short Bitcoin ETF (BITI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with URE having a 24.96% return and BITI slightly lower at 24.73%.

URE

• 1D: -0.17%
• 1M: 8.04%
• 6M: 14.60%
• YTD: 24.96%
• 1Y: 17.10%
• 3Y*: 9.52%
• 5Y*: -3.52%
• 10Y*: 2.28%

BITI

• 1D: 0.20%
• 1M: -0.52%
• 6M: 36.51%
• YTD: 24.73%
• 1Y: 64.56%
• 3Y*: -31.71%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

URE vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
URE ProShares Ultra Real Estate	24.96%	-3.65%	0.35%	11.58%	-9.78%
BITI ProShares Short Bitcoin ETF	24.73%	-1.76%	-62.60%	-66.17%	3.39%

Correlation

The correlation between URE and BITI is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.13
Correlation (3Y) Calculated over the trailing 3-year period	-0.16
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022	-0.21

Return for Risk

URE vs. BITI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

URE

URE Risk / Return Rank: 23
URE Sharpe Ratio Rank: 22
URE Sortino Ratio Rank: 22
URE Omega Ratio Rank: 22
URE Calmar Ratio Rank: 27
URE Martin Ratio Rank: 25

BITI

BITI Risk / Return Rank: 53
BITI Sharpe Ratio Rank: 54
BITI Sortino Ratio Rank: 51
BITI Omega Ratio Rank: 47
BITI Calmar Ratio Rank: 65
BITI Martin Ratio Rank: 48

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

URE vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Real Estate (URE) and ProShares Short Bitcoin ETF (BITI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	URE	BITI	Difference
Sharpe ratio: Return per unit of total volatility	0.60	1.47	-0.87
Sortino ratio: Return per unit of downside risk	0.98	2.04	-1.06
Omega ratio: Gain probability vs. loss probability	1.12	1.25	-0.12
Calmar ratio: Return relative to maximum drawdown	1.04	2.57	-1.53
Martin ratio: Return relative to average drawdown	2.51	6.36	-3.85

URE vs. BITI - Sharpe Ratio Comparison

The current URE Sharpe Ratio is 0.60, which is lower than the BITI Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of URE and BITI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

URE vs. BITI - Drawdown Comparison

The maximum URE drawdown since its inception was -97.16%, which is greater than BITI's maximum drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for URE and BITI.

Drawdown Indicators

	URE	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-97.16%	-92.16%	-5.00%
Max Drawdown (1Y) Largest decline over 1 year	-16.50%	-25.28%	+8.78%
Max Drawdown (3Y) Largest decline over 3 years	-33.77%	-84.63%	+50.86%
Max Drawdown (5Y) Largest decline over 5 years	-63.66%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-70.49%	—	—
Current Drawdown Current decline from peak	-48.11%	-86.38%	+38.27%
Average Drawdown Average peak-to-trough decline	-64.42%	-68.42%	+4.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.83%	10.18%	-3.35%

Volatility

URE vs. BITI - Volatility Comparison

ProShares Ultra Real Estate (URE) and ProShares Short Bitcoin ETF (BITI) have volatilities of 10.80% and 10.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	URE	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.80%	10.69%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	22.27%	34.09%	-11.82%
Volatility (1Y) Calculated over the trailing 1-year period	28.42%	44.07%	-15.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.52%	52.21%	-14.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.65%	52.21%	-11.56%

URE vs. BITI - Expense Ratio Comparison

URE has a 0.95% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

URE vs. BITI - Dividend Comparison

URE's dividend yield for the trailing twelve months is around 1.95%, less than BITI's 15.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BITI ProShares Short Bitcoin ETF	15.59%	1.60%	3.91%	3.33%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
URE ProShares Ultra Real Estate	1.95%	2.42%	2.09%	1.32%	1.26%	0.58%	0.94%	1.10%	1.53%	0.93%	0.96%	0.81%

Frequently Asked Questions

Can I hold both URE and BITI in my portfolio?

URE and BITI have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, URE or BITI?

URE has higher volatility (10.80%) compared to BITI (10.69%). In terms of maximum drawdown, URE dropped -97.16% vs BITI's -92.16%.

Which ETF is better, URE or BITI?

On 3-year performance, URE leads with 9.52% vs -31.71% for BITI. On fees, URE is cheaper at 0.95% per year. On volatility, BITI has been the lower-risk option at 10.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, URE or BITI?

Over the 3-year period, URE has performed better with a 9.52% return vs -31.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, URE or BITI?

URE is cheaper with a 0.95% expense ratio, compared with 1.03% for BITI.

Which ETF pays a higher dividend yield, URE or BITI?

BITI has the higher dividend yield at 15.59%, compared with 1.95% for URE.

What is the main difference between URE and BITI?

URE is categorized as REIT, while BITI is Cryptocurrency. URE tracks Dow Jones U.S. Real Estate Index (200%), while BITI tracks Bloomberg Bitcoin Index. Their fees differ too: 0.95% for URE and 1.03% for BITI.

Which has better risk-adjusted returns?

BITI currently has the higher Sharpe Ratio (1.47 vs 0.60), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.